Cuyahoga Ohio Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Cuyahoga
• Control #: US-CC-18-200A
• Format: Word; Rich Text

Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation The Cuyahoga Ohio Restricted Stock Plan is a vital element of RPM, Inc., a leading company in the specialty coatings industry. With its headquarters located in Ohio's Cuyahoga County, RPM, Inc. provides innovative coating solutions for various industries worldwide. This detailed description will outline the key aspects of the Cuyahoga Ohio Restricted Stock Plan, explaining its purpose, benefits, eligibility requirements, and potential types. The Cuyahoga Ohio Restricted Stock Plan is designed to reward and incentivize RPM, Inc.'s employees, executives, and directors for their contributions to the company's growth and success. By offering restricted stock, a valuable form of equity compensation, RPM, Inc. aims to align the interests of its employees with that of the company and its shareholders, fostering both motivation and loyalty. This plan, available to eligible participants, enables them to receive shares of RPM, Inc.'s common stock, subject to certain restrictions. These restrictions typically include a predetermined vesting period, during which the participants must fulfill specific conditions, such as continued employment or achievement of performance goals, to gain full ownership and control of the shares. Once the restrictions lapse, participants can freely sell, transfer, or hold the stock according to their preference. The Cuyahoga Ohio Restricted Stock Plan offers several types of restricted stock awards tailored to different roles within RPM, Inc. These may include: 1. Employee Restricted Stock: This type of award is granted exclusively to regular employees, providing them with an opportunity to share in RPM, Inc.'s success. Through the vesting period, employees can watch their ownership stake grow, potentially capitalizing on the company's positive performance. 2. Executive Restricted Stock: Executives, such as senior managers or directors, often receive a more substantial allocation of restricted stock. This recognizes their higher level of responsibility and their direct influence on RPM, Inc.'s strategic decisions and overall performance. 3. Director Restricted Stock: Reserved for non-employee directors, this type of restricted stock award acknowledges the time, expertise, and dedication these individuals bring to the RPM, Inc. Board of Directors. It aligns their interests with those of the company, encouraging commitment and active participation. 4. Performance-Based Restricted Stock: In certain cases, RPM, Inc. may grant restricted stock based on predetermined performance metrics or goals. This type of award incentivizes participants to drive specific outcomes aligned with the company's strategic objectives, leading to increased shareholder value. By implementing the Cuyahoga Ohio Restricted Stock Plan, RPM, Inc. demonstrates its commitment to attracting, retaining, and motivating talented individuals. This compensation strategy aligns with the company's long-term growth plans, creating an environment of shared success. With different types of restricted stock awards available, RPM, Inc. ensures that the plan accommodates various employee roles and contributes to a diversified, engaged workforce.

The Cuyahoga Ohio Restricted Stock Plan is a vital element of RPM, Inc., a leading company in the specialty coatings industry. With its headquarters located in Ohio's Cuyahoga County, RPM, Inc. provides innovative coating solutions for various industries worldwide. This detailed description will outline the key aspects of the Cuyahoga Ohio Restricted Stock Plan, explaining its purpose, benefits, eligibility requirements, and potential types. The Cuyahoga Ohio Restricted Stock Plan is designed to reward and incentivize RPM, Inc.'s employees, executives, and directors for their contributions to the company's growth and success. By offering restricted stock, a valuable form of equity compensation, RPM, Inc. aims to align the interests of its employees with that of the company and its shareholders, fostering both motivation and loyalty. This plan, available to eligible participants, enables them to receive shares of RPM, Inc.'s common stock, subject to certain restrictions. These restrictions typically include a predetermined vesting period, during which the participants must fulfill specific conditions, such as continued employment or achievement of performance goals, to gain full ownership and control of the shares. Once the restrictions lapse, participants can freely sell, transfer, or hold the stock according to their preference. The Cuyahoga Ohio Restricted Stock Plan offers several types of restricted stock awards tailored to different roles within RPM, Inc. These may include: 1. Employee Restricted Stock: This type of award is granted exclusively to regular employees, providing them with an opportunity to share in RPM, Inc.'s success. Through the vesting period, employees can watch their ownership stake grow, potentially capitalizing on the company's positive performance. 2. Executive Restricted Stock: Executives, such as senior managers or directors, often receive a more substantial allocation of restricted stock. This recognizes their higher level of responsibility and their direct influence on RPM, Inc.'s strategic decisions and overall performance. 3. Director Restricted Stock: Reserved for non-employee directors, this type of restricted stock award acknowledges the time, expertise, and dedication these individuals bring to the RPM, Inc. Board of Directors. It aligns their interests with those of the company, encouraging commitment and active participation. 4. Performance-Based Restricted Stock: In certain cases, RPM, Inc. may grant restricted stock based on predetermined performance metrics or goals. This type of award incentivizes participants to drive specific outcomes aligned with the company's strategic objectives, leading to increased shareholder value. By implementing the Cuyahoga Ohio Restricted Stock Plan, RPM, Inc. demonstrates its commitment to attracting, retaining, and motivating talented individuals. This compensation strategy aligns with the company's long-term growth plans, creating an environment of shared success. With different types of restricted stock awards available, RPM, Inc. ensures that the plan accommodates various employee roles and contributes to a diversified, engaged workforce.